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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?

To: Deep Margin who wrote (321)	5/22/1998 8:52:00 PM
From: David Meyer	Read Replies (1) \| Respond to of 438

What did you paper trade. From his 5 day free trial? On the 5 Day momentum method or from his Hit & Run. Were you day trading? What set-up do you have now. Level 2? What broker are you using. I have the software mentioned in his Hit & Run Book as well as the software for his 5 Day Momentum book. Also have Super Charts from Omega Research, omegaresearch.com - Cost $395.00 Tell me more about your set-up and how you trade etc. If you try to use methods from Hit & Run and don't follow as a day trader, you will probably lose money. Example is SUGN. The Scan of 5/21 close gave two signals to buy on 5-22. One for the 5 Day Momentum to buy at 15.875 Stop 15.062, 2nd for H&R 1-2-3-4 to buy at 15.938 Stop 15.125. 5-22 End of day quote shows +.375 close 15.875 Figure commission of $20. on each end = $40.00. So if you bought on the signal and sold at EOD you lost $40.00. However after 15.875 was triggered I put in buy at 15.75 and was filled. Later I got out at 16 5/16 as I didn't like the way the market was acting. 500 shares. 40.00 commission. = 241.25 Profit. So, tell me more about your set up and how you would have lost. Regards

To: Deep Margin who wrote (321)	5/30/1998 5:08:00 PM
From: username	Read Replies (1) \| Respond to of 438

Hi, I wanted to respond to your post. No way can you make a judgement about a trading style in 6 days. Maybe not in 6 months! It takes a really long time to get behind any short term techniques, most people probably give up when they run out of money. Keep trying and pay attention to what you do that works and what you do that doesn't. Then be ready to see it all change, because the market changes, and different stuff starts not working. :o)